One man’s death is another man’s bread. The passing of American Christian political activist Charlie Kirk was a moment of grief for his loved ones, but in crypto circles it quickly turned into opportunism, with tokens like “Justice For Charlie” surfacing to ride the hype and draw speculative attention. At the same time, the Altcoin Season Index has shifted further into altcoin territory. Meanwhile, macroeconomic data painted a steadier backdrop: the Year-over-Year Consumer Price Index (CPI) rose 2.9% and the Core CPI climbed 3.1%, both exactly in line with forecasts.
Altcoin Season Index shifts towards the Altcoin Season
Altcoin Season Index, which depicts whether it’s altseason or bitcoin, rose to 67 from 29 last month, signaling that there is more money flowing into altcoins than Bitcoin. However, the Altcoin Season Index should cross above 75 to confirm that the altcoin season has ushered.
Year-over-Year Consumer Price Index (CPI) and Core CPI tally forecast
The latest U.S. inflation data came in right on target, with the Consumer Price Index (CPI) –average change in prices of goods and services that households typically buy– rising 2.9% year-over-year. In addition, the Core CPI, which excludes food and energy, was up 3.1%. Both figures matched economists’ expectations, signaling steady progress toward disinflation while keeping inflation modestly above the Federal Reserve’s 2% goal.
Sharps Technology partners with Pudgy Penguins
Medical device company, Sharps Technology, made a collaboration with a popular NFT community, Pudgy Penguins, to build a strong Solana-focused digital asset treasury. In the process, the company bought more than 2 million Solana (SOL) tokens, which are worth about $400.
Avalanche Foundation to raise $1 billion
Avalanche seeks to raise $1 billion to establish two crypto treasuries holding millions of AVAX tokens. As such, the AVAX tokens would be bought at a discounted price from the Avalanche Foundation, which oversees the Avalanche network.
Charlie Kirk’s death triggers crypto scams
Charlie Kirk, an American Christian political activist, was shot dead while he was attending a an event at Utah Campus. Some crypto project initiators found the demise of this popular figure to be an opportunity to profit from. Shortly after the death of Kirk, many tokens were launched, as with the demise of great figures like Pope Francis and Ozzy Osbourne.
Among the many tokens, ‘Justice for Charlie’ appreciated by more than 99% in 24 hours.
Senator John Kennedy’s committee is not ready for the GOP market structure
Senator John Kennedy stated that the committee wasn’t prepared to accept and move on with the Senate Banking Committee Chair Tim Scott’s version of comprehensive crypto market structure legislation by September 30. Unlike the baby step of passing the Genius Act, the Senate mentioned the CLARITY Act, which is part of the GOP’s market structure legislation, was a big step, “and we’ve got to get it right.”
WLFI, a Trump-backed initiative, has unveiled Project Wings in collaboration with Bonkfun and Raydium, aiming to accelerate stablecoin adoption and stimulate activity within the Solana ecosystem. The program introduces promotional rewards for USD1 trading pairs on Bonkfun, incentivizing traders and liquidity providers to engage with Solana-based stablecoin markets.
Spot Bitcoin ETFs hit $750 million
According to Coinglass, the total spot BTC ETF net inflow hit $741.5 million on September 10, while the total net assets were $117.5 billion. Since the last week of August, the BTC ETF inflows have been increasing drastically. Meanwhile, the total spot ETH ETF inflow hit $171. 5 million.
Crypto ETFs to be launched in the market
A new wave of crypto exchange-traded funds is set to hit the market as the Rex-Osprey suite of ETFs, which includes products tied to Bitcoin (BTC), XRP, Dogecoin (DOGE), Bonk (BONK), and Trump (TRUMP) tokens, has cleared the U.S. Securities and Exchange Commission’s 75-day review window, according to Bloomberg’s Eric Balchunas.
The convergence of speculative hype, shifting altcoin sentiment, and steady macroeconomic signals shows just how fragmented today’s crypto landscape can be. While opportunistic tokens highlight the market’s wilder side, the Altcoin Season Index and CPI readings point to deeper undercurrents shaping trader behavior. For investors, it’s a reminder that crypto doesn’t move in isolation—narratives, sentiment, and macro trends all collide to drive the next chapter of market momentum.
